Current Context: Japan has announced to grant a financial loan assistant support to India to fight COVID-19 crisis.
- Under this, Japan has offered a loan amount of Rs 3500 crore to India.
- This loan amount will help India to implement health and medical policies, to uplift the telemedicine with the help of digital technology in the rural part of India.
- The loan amount will also help to take precautionary measures to fight COVID-19.
- Japan has granted a loan at an interest rate of 0.01% per annum and a redemption period of 15 years, including 4 year grace period.
- The dignitaries exchanged the documents for the provision of grant aid worth 1 billion yen under Japan’s Official Development Assistant scheme for India’s Economic and Social Development Programme.
- Static Part:
- Capital of Japan: Tokyo
- Currency of Japan: Japanese Yen
Question:
Q.1 Recently, how much loan amount is approved by Japan to India to fight COVID-19?
a. Rs 4500 crore
b. Rs 1500 crore
c. Rs 5500 crore
d. Rs 3500 crore
a. Rs 4500 crore
b. Rs 1500 crore
c. Rs 5500 crore
d. Rs 3500 crore
